Menu
related to composition scheme
whether a person eligible to opt the scheme of composition scheme, if he is engaged to suppling the taxable goods and non taxable goods in intra state sale.
Replies (6)
No he is not eligible because section 10(2) of the CGST Act clearly states that he should not be engaged in making any supply of goods not leviable to tax under this act.
If a trader is selling taxable as well as exempted products whether he is eligible for composition scheme?
If the exempted goods are goods which attract nil rate of tax then he is eligible. However if exempt goods are not liable to tax then not eligible.
can u tell me, product(s) which is not liable to tax
They have classified those goods which are not liable to tax, rate of tax in case of taxable goods etc in the meeting which took place on 18th and 19th May 2017. Refer that.
Reverse mechanism will be applicable to composition scheme dealer?
Recent Topic
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
Related Topics
CAclubindia
